The worst stocks on earth are near old support

JC Parets
February 28, 2022

It's hard to ignore the fact that some of the worst stocks on the planet are near old support levels.

One group that stands out for sure are the Marijuana stocks. We've seen a ton of activity from C-suite executives buying their own company's stocks recently. And not just exercising options, but going out in the open market and buying the stock just like you or I would.

Look at the Alternative Harvest Index Fund all the way down to those former lows from early 2020:

If there was ever a time for these stocks to stop losing their investors money, wouldn't this be a logical place?

You doing some bottom fishing down here?

Check the ETF components

I wouldn't own any of these things if $MJ is below those 2020 lows, just to be clear. But if they can stick the landing here, I think it's worth taking a shot.

Here's another hot piece of garbage.

This is Virgin Galactic $SPCE all the way back down to its 2019 lows

These are some of the worst stocks on the planet.

So just understand what we're discussing here.

If these are actual pivot points, and we get a reversal, then my bet is that the potential reward is exponentially greater than the risk, which is very well-defined here.

What are you thoughts?

Worth a look? '

Or keep staying away?

Let us know!

Monthly Charts Strategy Session

We get a fresh batch of Monthly Candlesticks today!

As usual, I'm very excited about it.

This process of analyzing Monthly Charts is easily the best use of my time at work throughout the entire year. It might take me half an hour each month. That adds up to only 6 hours per year.

I promise you there is no better use of 6 hours if you're in an investor.

Not only do these Monthly Charts help us zoom out and identify primary trends, the truth is that it gives us no choice! It forces us to.

And this is a helpful process no matter what your time horizon is. That might be the best part!

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